Transition Fund pays out to first 18 charities - more where that came from...
The first payments from The Transition Fund, set up as part of the comprehensive spending review
to provide support to charities as they grapple with a changed funding landscape, were announced on 15 February 2010. The Even though 75% of charities receive no funding from the state, some organisations have become highly dependent on funding from public bodies and are now being affected by the reductions in public spending. The money has been targeted fund the changes that these organisations need to make to take advantage of the new opportunities available to them from opening up public sector contracts. Such changes could typically include restructuring, scaling up or merging or diversifying income streams. In other words, the funding is designed to put charities in a better position to compete for contracts such as those available under the DWP's work programme and go some way to tackle the cashflow problems of being paid on results only. [1]
Cabinet Office Minister Francis Maude reminded the sector that the Transition Fund was not meant to be 'a substitute for public spending cuts. As with many grantmakers, BIG was careful to make the grants to organisations that would be the best 'case studies' to demonstrate the impact and effectiveness of the funding. Chief executive Peter Wanless explains: "Working closely with the voluntary and community sector we understand the pressing and important need for this fund. We have used our grant making expertise to ensure that the Transition Fund money can make a difference to these organisations and enable them to respond to their new operating environment as quickly as possible.”
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Organisation
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Location
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Grant
|
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Bede House Association
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London, SE16
|
£198,899
|
|
Shire Training Workshops Limited
|
Stroud, Gloucestershire
|
£89,570
|
|
Isle of Wight Law Centre Limited
|
Newport, Isle of Wight
|
£61,941
|
|
Somerset Youth Volunteering Network
|
Glastonbury, Somerset
|
£97,000
|
|
Vital Regeneration
|
London, NW8
|
£146,300
|
|
Disability Action In Islington
|
London, N1
|
£74,734
|
|
Living Options Devon
|
Exeter, Devon
|
£89,454
|
|
Domestic Violence Integrated Response Project
|
Leicester
|
£103,000
|
|
Building Futures East
|
Newcastle upon Tyne, Tyne and Wear
|
£151,000
|
|
Umbrella
|
Derby
|
£35,000
|
|
Middlesbrough Environment City Trust Limited
|
Middlesbrough, Cleveland
|
£15,130
|
|
Headway Devon
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Exeter, Devon
|
£50,000
|
|
Islington People's Rights
|
London, N7
|
£76,000
|
|
Headliners (UK)
|
London, E1
|
£151,329
|
|
SkyWay Charity
|
London, E2
|
£151,000
|
|
Olmec
|
London, EC2A
|
£120,000
|
|
Incest and Sexual Abuse Survivors
|
Newark, Nottinghamshire
|
£26,800
|
|
North Yorkshire Youth Limited
|
Thirsk, North Yorkshire
|
£107,062
|
[1] See also our story here in October 2011 where the impact of payment by results is discussed in more detail in the context of the PFK/CFDG Managing Risk report.
Author: Clarissa Dann
Clarissa Dann was the editor of Caritas as well as an HR and management online service,he People Bulletin until July 2011.
She is now the editor of the specialist trade finance magazine, Trade and Forfaiting Review which can be viewed at www.tfreview.com but does write on charity finance and investment from time to time.
Clarissa has a background in legal and professional publishing, as well as business journalism and holds an MBA from
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